KazMunaiGas reportedly purchases a 24.5% stake held by ConocoPhillips (COP) in the Nursultan...

|About: ConocoPhillips (COP)|By:, SA News Editor

KazMunaiGas reportedly purchases a 24.5% stake held by ConocoPhillips (COP) in the Nursultan offshore oil block in the Caspian Sea which holds an estimated 270M metric tons of recoverable oil reserves. The Kazakhstan state oil company also may be looking to purchase COP's 8.4% stake in the giant Kashagan oilfield, according to local media.